Oliver St. Capital Acquires Industrial Property In Mansfield, MA For $50M
241 Francis Avenue, Mansfield, MA, USA
$50,000,000
$141/SF
Building Size
352,340 SF
Asset Type
Industrial
Closing
Jun 23, 2021
AI
Located at 241 Francis Avenue in Mansfield, MA, this industrial property was recently sold in a transaction. The property spans a total of 352,340 square feet and has been categorized as an industrial asset. The sale was finalized on 06/24/2021, with a sale price of $50,000,000. The price per square foot for this transaction was $142.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $50,000,000
- Address: 241 Francis Avenue, Mansfield, MA
- Square Footage: 352,340
- Market: Mansfield, MA
Oliver St. Capital, represented by Jon O'Donnell and Jon Hyde, purchased the property from The VAM Realty Trust. The deal was facilitated by brokers Ned Halloran and Leeanne Rizzo from Hunneman.
Players
Mansfield Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93